DOWLING & PARTN Forecasts CNA Financial FY2028 Earnings

CNA Financial Corporation (NYSE:CNA) – Equities research analysts at DOWLING & PARTN issued their FY2028 earnings per share estimates for CNA Financial in a report issued on Tuesday, September 29th. DOWLING & PARTN analyst D. Lukpanov expects that the insurance provider will post earnings per share of $5.00 for the year. The consensus estimate for CNA Financial’s current full-year earnings is $4.19 per share.

Other equities analysts have also issued reports about the stock. Zacks Research raised shares of CNA Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. Weiss Ratings raised CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

CNA Financial Trading Down 2.4%

Shares of CNA opened at $44.88 on Thursday. The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 6.14 and a beta of 0.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27. CNA Financial has a 1-year low of $41.53 and a 1-year high of $55.71. The company has a 50-day moving average of $49.67 and a 200 day moving average of $47.65.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, August 3rd. The insurance provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.11. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $2.97 billion. CNA Financial had a net margin of 8.16% and a return on equity of 11.34%. During the same period in the prior year, the business posted $1.23 earnings per share.

Institutional Trading of CNA Financial

A number of hedge funds have recently bought and sold shares of CNA. WINTON GROUP Ltd bought a new position in shares of CNA Financial in the 2nd quarter worth $536,000. Squarepoint Ops LLC boosted its position in CNA Financial by 24.8% during the second quarter. Squarepoint Ops LLC now owns 280,337 shares of the insurance provider’s stock valued at $13,627,000 after purchasing an additional 55,692 shares in the last quarter. Baird Financial Group Inc. boosted its position in CNA Financial by 2.6% during the second quarter. Baird Financial Group Inc. now owns 132,273 shares of the insurance provider’s stock valued at $6,430,000 after purchasing an additional 3,322 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in CNA Financial in the second quarter valued at about $211,000. Finally, HB Wealth Management LLC grew its stake in CNA Financial by 81.3% in the second quarter. HB Wealth Management LLC now owns 39,507 shares of the insurance provider’s stock valued at $1,920,000 after purchasing an additional 17,717 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Activity

In other news, EVP Mark James sold 8,273 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $53.15, for a total value of $439,709.95. Following the completion of the sale, the executive vice president owned 26,446 shares of the company’s stock, valued at approximately $1,405,604.90. This represents a 23.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Daniel Franzetti sold 22,656 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $53.09, for a total transaction of $1,202,807.04. Following the completion of the sale, the chief accounting officer directly owned 68,032 shares of the company’s stock, valued at $3,611,818.88. The trade was a 24.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.

CNA Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th were issued a $0.48 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.92 annualized dividend and a dividend yield of 4.3%. CNA Financial’s payout ratio is currently 42.20%.

CNA Financial Company Profile

CNA Financial Corporation (NYSE: CNA) is a commercial property and casualty insurance company headquartered in Chicago, Illinois. Through its CNA Insurance operations, the company provides insurance products and risk-management services to businesses, professional organizations and other commercial customers.

CNA’s offerings include commercial property and casualty coverage, specialty insurance, professional liability, management liability, cyber insurance, workers’ compensation, marine insurance, surety and other risk solutions.